Crude oil futures fell during the mid-morning trade in Asia Jan. 22, as pandemic concerns heightened amid a lack of new drivers. At 10:43 am Singapore time (0243 GMT), the ICE Brent March contract was down 58 cents/b (1.03%) from the Jan. 21 settle to $55.51/b, while the March NYMEX light sweet crude contract was down 60 cents/b (1.13%) to $52.53/b. The Brent marker had risen 0.04% to settle at $56.10/b on Jan. 21, with the NYMEX light sweet crude marker falling 0.34% to $53.13/b. After the commotion of US President Joe Biden’s inauguration subsided, the escalation of the pandemic once again became the focal point of the market’s attention. The UK suffered its worst day of the pandemic in the week of Jan. 17, when the country registered more than 1,800 deaths, […]